Jan 1, 2017 - First, there is a direct effect that a lower expected idiosyncratic shock lowers agent ...... The multiplicity of equilibria provides a sharp illustration of the .... auction for var(¯ϕ) = (5/2)2, var(ηi) = (0.6)2, corr(ηi,ηj)=3/4

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Jan 1, 2017 - To the best of our knowledge, we are the first paper that characterizes the equilibrium ... a non-trivial way by the weights agents place on their private signals. ...... quantity they buy on the equilibrium price, and hence he does not

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Oct 26, 2009 - Caps on Flues: Keith has ordered new ones (right size) from Global Resources and will replace the ones that are missing or damaged beyond repair. Laurie asked if there are different kinds, since we have some electric and some wood burn